Maersk Line and related activities lost $559m after tax against a profit of $80m a year earlier.
There is no information as to their revenue for the 1st quarter, so it's not easy to compare their losses with Hapag-Lloyd's. However, as Maersk lost around $560 Mil., and they are the largest container carrier, and Hapag lost around $300 Mil, and they are (I think) the 5th largest, I don't think one is any worse off than the other.
It won't get better any time soon.
In a statement, the group (Maersk) said there was no immediate prospect of any improvement in market conditions.
click here for complete article from Lloyds List
correction - the news release from Maersk gives the revenue, both in DKK (the Danish currency) and US Dollars. I haven't compared it to Hapag's for the first quarter, but it's all bad. Best to just move on.
click here for news release from Maersk
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